Shriram Automall India Limited (SAMIL), 100% subsidiary of Shriram Transport Finance Company (STFC), unveils its contribution in the used vehicles and equipment segment of automobile industry in the 12thAuto Expo.
Noida, Delhi, India., February 17, 2014 - (PressReleasePoint) -Shriram Automall India Limited (SAMIL), 100% subsidiary of Shriram Transport Finance Company (STFC), unveils its contribution in the used vehicles and equipment segment of automobile industry in the 12thAuto Expo.
“Auto Expo 2014 is a great platform for SAMIL to present its substantial role in the used vehicles and equipment segment of automobile industry. With this participation, we aim at leaving an unparalleled impression of our expertise on a mass audience”, quoted Mr. Sameer Malhotra, Chief Executive Officer of SAMIL.
Apart from the end users, various authorised dealerships of renowned brands showed curiosity in company’s four wheelers and two wheelers segmentsfor disposing their used assets.One of the major commercial vehicle manufacturers of India also showcased interest in SAMIL’s services to dispose-off their light commercial vehicles.
With an essential participation in Auto Expo, 2014, SAMIL aims at promoting its offerings at a massive platform, which could address a wide audience. And through an exhaustive footfall, the company’s objective was successfully achieved with a higher count of registrations at the stall.
Shriram Transport Finance Co Ltd. is the largest asset financing NBFC with Assets on Balance sheet of Rs. 37,919.63 crores and off Balance sheet assets of Rs. 15,456.76 crores. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks and a market share of around 25%. It has a pan-India presence with a network of 630 branches, and employs 18,078 employees including 11,243 field officers. The company has built a strong customer base of approx. 1.10 mn. Over the past 34 years, it has developed strong competencies in the areas of loan origination, valuation of pre-owned trucks and collection. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc. For more information please visit www.stfc.in
Established in 2011, SAMIL acknowledges the market needs of automobile industry with an extensive range of used vehicles and equipment. While constructing a well-organised arena for trade, SAMIL has conceptualized a perfect blend of Physical Bidding, Online Bidding, One Stop Kiosk and Private Treaty to give a professional shape to its every transaction. On these trading platforms, every esteemed brand finds an indelible space amongst a plethora of options in second-hand Commercial Vehicles, Construction Equipment, Tractors, Cars & SUVs, 3 Wheelers and 2 Wheelers. While coating every deal with sheer excellence, the company craves for consistent evolution by regularly updating its allied services, namely Parking, Valuation, New Look (Refurbishment) and Easy Finance (through STFC).
The company has already launched its well-structured Automalls in 29 key locations across India. In addition, there are more than 100 bidding locations available for customers along with 66 strategic parking locations pan India.
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